American International Group Inc. Acquires 651 Shares of J & J Snack Foods Corp (JJSF)
American International Group Inc. grew its position in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,924 shares of the company’s stock after purchasing an additional 651 shares during the period. American International Group Inc. owned approximately 0.06% of J & J Snack Foods worth $1,566,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in shares of J & J Snack Foods during the 2nd quarter valued at $130,000. Riverhead Capital Management LLC grew its position in shares of J & J Snack Foods by 36.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,500 shares of the company’s stock valued at $198,000 after purchasing an additional 400 shares in the last quarter. Brightworth purchased a new position in shares of J & J Snack Foods during the 3rd quarter valued at $210,000. Quantbot Technologies LP grew its position in shares of J & J Snack Foods by 2,268.4% during the 2nd quarter. Quantbot Technologies LP now owns 1,800 shares of the company’s stock valued at $237,000 after purchasing an additional 1,724 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of J & J Snack Foods by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,928 shares of the company’s stock valued at $255,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. Jefferies Group set a $130.00 price target on shares of J & J Snack Foods and gave the company a “hold” rating in a research report on Thursday, November 16th.
J & J Snack Foods Corp (JJSF) opened at $148.66 on Thursday. The company has a market cap of $2,782.62, a price-to-earnings ratio of 35.50 and a beta of 0.81. J & J Snack Foods Corp has a 1 year low of $121.20 and a 1 year high of $154.02.
J & J Snack Foods (NASDAQ:JJSF) last announced its earnings results on Thursday, November 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. J & J Snack Foods had a net margin of 7.30% and a return on equity of 11.91%. The company had revenue of $316.73 million during the quarter, compared to analyst estimates of $287.91 million. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. analysts forecast that J & J Snack Foods Corp will post 4.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from J & J Snack Foods’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.21%. J & J Snack Foods’s payout ratio is 40.00%.
J & J Snack Foods Company Profile
J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.
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